16646 VALLELY DRIVE
About This Property
Welcome home to a beautifully updated Tampa pool home where the layout is designed to impress from the moment you step inside. A welcoming foyer offers peaceful water views right upon entry, setting the tone for the comfort and lifestyle this home provides.
Just off the entry, a separate living room features a built-in bar with cabinetry and additional storage and opens directly to the lanai and pool - creating an ideal space for hosting family and friends or enjoying seamless indoor-outdoor living. A formal dining room offers even more room for meals and special occasions, perfect for gatherings both large and small.
At the heart of the home, the remodeled kitchen and family room come together in a bright, open layout designed for everyday living and entertaining. The kitchen showcases an oversized island, quartz countertops, stylish two-tone cabinetry, upgraded appliances, a designer backsplash, and abundant storage. It flows effortlessly into the family room, allowing you to stay connected whether you're preparing meals, relaxing by the fireplace, or entertaining guests. Large windows and sliding doors bring in natural light and highlight views of the pool and water beyond.
From casual weeknights to lively gatherings, this thoughtful layout offers the flexibility, flow, and comfort that make a house feel like home.
The spacious primary suite serves as a quiet retreat, featuring a custom walk-in closet and a remodeled bathroom with two separate vanities and an upgraded walk-in shower with a bench. An additional bedroom just off the primary suite bathroom offers flexibility as a home office, nursery, or private dressing room. Two additional secondary bedrooms are located on the opposite side of the home with their own full bath, offering privacy for family or guests.
Step outside and enjoy true Florida living on the oversized pavered lanai, complete with a sparkling pool and spa and plenty of room to dine, lounge, and entertain - all overlooking a peaceful water view. The yard offers space while remaining easy to maintain. For added peace of mind, the home includes hurricane-rated windows and sliders.
Lake Heather Oaks is a popular community that features a park, playground, picnic tables and fishing dock, adding even more ways to enjoy the outdoors. Located in a stable, sought-after Tampa neighborhood, this home offers a welcoming suburban feel with convenient access to everyday essentials, dining, shopping, and major highways. This is a special place to call home - don't miss the opportunity to see it in person.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 13, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Feb 18, 2026 | Price Decreased |
$573,000
↓ $12K
(2.1%) | |
| Price Decreased | |||
| Jan 9, 2026 | In contract | - | |
| In contract | |||
| Jan 6, 2026 | Listed by KELLER WILLIAMS SUBURBAN TAMPA | $585,000 | |
| Listed by KELLER WILLIAMS SUBURBAN TAMPA | |||
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About Lake Magdalene
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017